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Mergers & Acquisitions

  • Board changes at Ahold

    Ahold Delhaize on Wednesday announced that management board member James McCann had resigned to move into non-executive and advisory roles. The company has named Kevin Holt, Delhaize America CEO and Ahold Delhaize management board member, as his successor.   

  • New year will bring new CEO to VF Corp.

    VF. Corp., whose brands include The North Face, Timberland and Nautica, will have a new chief executive come January.   The company announced that president and COO Steven E. Rendle will become CEO, effective Jan. 1, 2017. Rendle, 57, will succeed Eric C. Wiseman, who will continue to serve as executive chairman and work with Rendle to ensure a successful transition.    Rendle has more than 30 years of experience in the specialty outdoor and action sports industry, 16 of which have been with VF.

  • Signet Jewelers closes Leonard Green strategic investment

    Signet Jewelers Limited has closed its previously announced investment from Leonard Green & Partners.   The private equity firm invested $625 million in the form of convertible preferred shares. The Signet board, as previously disclosed, increased its authorized share buyback program by $625 million on August 25, 2016, in connection with the transaction.  

  • Black & Decker reportedly interested in buying Sears’ Craftsman brand

    Tools and storage giant Black & Decker is reportedly among the suitors interested in purchasing Sears’ Craftsman line of tools, Bloomberg reported.   Sears announced plans in May that it would consider options for its Craftsman, Kenmore and DieHard brands.   

  • Toys ‘R’ Us sells FAO Schwarz

    Expect more FAO Schwarz-branded toys, in-store “experiences” and even possible freestanding stores in the very near future.    In an unexpected announcement, ThreeSixty Group said it has acquired FAO Schwarz from Toys “R” Us. The terms of the transaction were not disclosed.  Toys “R” Us purchased FAO Schwarz in 2009.    

  • Outdoor retailer makes strategic credit card agreement

    ​Bass Pro Shops is entering into a 10-year agreement with Capital One, a move that will make the card provider the exclusive issuing partner of co-branded credit cards to Cabela's customers.

  • Bass Pro Shops to acquire rival in $5.5 billion deal

    Bass Pro Shops has agreed to acquire Cabela’s in a deal that will allow the privately held Bass Pro to nearly double its store count.    Bass Pro plans to purchase Cabela’s for about $65.50 a share in cash, which represents a 19% premium over Friday’s closing price. The agreement will create an outdoor retail powerhouse that specializes in fishing, hunting and boating merchandise. Both companies are known for their elaborate, wilderness-themed store interiors.   

  • Teen apparel retailer ousts longtime CEO; taps Target exec as head merchant

    Rue 21 announced a series of leadership changes as it looks to reinvigorate its brand.    In a surprise announcement on Saturday, the retailer said it had appointed CFO Keith McDonough as interim CEO, succeeding Bob Fisch, who has served as president and chief executive of Rue 21 since 2001.     

  • Fitch: Sears, Claire’s among chains at risk for bankruptcy

    In its new study of retail bankruptcies, Fitch Ratings identified seven retailers as being “at risk” for filing bankruptcy in the next year to 24 months.  

  • Farm and Ranch giant buys Petsense

    Farm-and-ranch industry leader Tractor Supply has always been interested in the pet business, and it even operates two standalone HomeTown Pet stores in Tennessee.

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